In response to the growing incidents of fraud and to improve the investors’ confidence and also to rein in the excessive freedom of management which resulted in the corporate scandals‚ USA passed a new act‚ called Sarbanes-Oxley Act 2002. The objective of the act was to bring more reliability and accuracy to corporate disclosures. The new Act required the chief executive(CEO) and financial officers(CFO) to certify the quarterly and annual reports of the company and this made them more accountable
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The Sarbanes-Oxley Act (SOX) was passed by Congress in 2002 (www.sarbanesoxley. com). The Act‚ along with subsequent regulations adopted in 2003 and 2004‚ affected the responsibilities of auditors‚ boards of directors‚ and corporate managers with respect to financial reporting. Also‚ the act established the Public Companies Accounting Oversight Board (PCAOB) that is now responsible for oversight of financial statement audits of publicly-traded corporations and the establishment of auditing
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Domestic Airlines in India - Leveraging Price Till the year 2002‚ the Indian traveler rarely traveled by air as the fares were much higher than those for road and rail travel. But in 2002‚ the companies offering air travel changed the market dynamics completely. For the first time in the history of the industry‚ efforts were made to make air travel affordable to a larger section of the population‚ leading to an unprecedented development in the commercial aviation industry in the country. The
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MANAGEMENT AND ORGANIZATIONAL BEHAVIOR Individual Assessment of Key Learnings by Wayne E. Pauli A Paper Presented in Partial Fulfillment Of the Requirements of OM 812 Management and Organizational Behavior December 2002 Address: 805 North Olive City‚ State‚ Zip: Madison‚ SD 57042 Phone: 605-363-9323 E-mail: wayne.pauli@dsu.edu Instructor: Dr. R. D. O’Connor Mentor: TBD Abstract Key Learnings in a post graduate PhD course are truly in the eye of the beholder‚ or in this case‚ in the eye of
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81178 Seat No.__________ Third Year B. B. A. Examination April / May – 2003 Management Accountancy Time : 3 Hours] [Total Marks : 70 Instructions : (1) Figures to the right indicate marks of the questions. (2) Show calculation wherever necessary. 1 Define Management Accountancy ? Differentiate 7 Management Accountancy and Financial Accountancy. OR 1 Write notes in detail on “activity based costing”. 7 OR 2 Modern Manufacturers Ltd. have three production 7 departments P1‚ P2 and P3 and
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Between the years 1825 and 1850‚ the US underwent a series of social and political reforms which attempted to democratize American life. Reform movements during this period of Jacksonian Democracy attempted to dissolve disunity in the social ladder and pushed for equal rights among all citizens. Stemming from the Second Great Awakening in the early 19th century‚ many of these reforms were backed by religious ideals over democratic principles. At the forefront of the cause‚ however‚ was the hope
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The Effects of Industrialization on Manchester‚ England 1750-1850 England in the 18th and 19th centuries changed dramatically as a result of the Industrial Revolution‚ which had many effects on the social structure of England and increased the gap between the rich and the poor. Because of this‚ industrialized English towns such as Manchester were both criticized and admired by poets‚ politicians‚ journalists‚ and outsiders‚ who were particularly from France. The most powerful points of view were
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Management Report 2002 Nestlé’s strategic priorities are focused on delivering shareholder value through the achievement of sustainable‚ capital efficient and profitable long-term growth. Key figures Table of contents 6 Peter Brabeck-Letmathe Vice Chairman of the Board and Chief Executive Officer Rainer E. Gut Chairman of the Board Nestlé Management Report 2002 Key figures by management responsibility and geographic area Sales In millions of CHF 2002 2001 26 742 26 598 15 458
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Stores‚ Inc. Prepared By: Students of Strategic Management Solomon Faizi Hanh Ly Son Nguyen Jackie Vo Prepared For: Robert Wood Professor of Strategic Management San Jose State University Bus 189 Sec 02 9 December 2002 Executive Summary Circuit City History The year is 1966 and Wards‚ a television and appliance company established in 1949‚ is hot. As the one and only giant of television‚ the company enjoys a growth rate of 2200% since 1958
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CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Advanced Subsidiary Level and Advanced Level ACCOUNTING PAPER 1 Multiple Choice 9706/1 MAY/JUNE SESSION 2002 1 hour Additional materials: Multiple Choice answer sheet Soft clean eraser Soft pencil (type B or HB is recommended) TIME 1 hour INSTRUCTIONS TO CANDIDATES Do not open this booklet until you are told to do so. Write your name‚ Centre number and candidate number on the answer sheet in the spaces provided
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